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50% rent increase

Posted by Mike Collins on October 16, 1999 at 01:14:13:

I just received the terms for renewal of my lease -- with a 50% ($800:
$1650 -> $2450) rent increase. Unbelievable -- can this be legal?
It's a 600 unit building in midtown manhattan, with the following
information from the database:

All buildings indicated have Rent Stabilized apartments.
Those buildings which also contain Rent Control and/or Co-op apartments are so indicated.
Very Important: How to interpret this information

Rent controlled apartments exist in building
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Thanks, Mike Collins

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